Compliance with Model Code

2 Feb 2012 12:59

PANTHEON INTERNATIONAL PARTICIPATIONS PLC

(the "Company")

Statement re Compliance with the Model Code

Pursuant to Listing Rule 15.5.1(4) the Company announces that it is satisfied that all inside information which the Directors and the Company may have to the date of this announcement has previously been notified to a regulatory information service and, therefore, the dealings referred to in LR 15.5.1(3) are permitted.

Enquiries:

Andrew Lebus or Alexis Barling

Pantheon Ventures (UK) LLP

020 7484 6200